All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent.
Market Update: After opening at record high, the Sensex is now up over 150 points, while the Nifty is seen inching towards a fresh milestone as well. Buying in midcaps space has boosted both indices, while a big surge is seen among metals, automobiles and pharmaceutical sectors.
Click here To know about the Best Stock Advisory India
Financials, too, are trading in the green. Among stocks, shares of Delta Corp and United Spirits are up 1-5 percent on the back of good June quarter results. UltraTech Cement is another gainer, a beneficiary of ACC’s rally, as the stock is up 5 percent.
Buzzing stock: Shares of United Spirits gained around over a percent on Tuesday morning after the company reported 29 percent rise in its net profit to Rs 81.3 crore.
The stock touched an intraday high of Rs 586.10 and an intraday low of Rs 560.00.
The company had posted a net profit of Rs 62.9 crore in the corresponding quarter last fiscal, Diageo-controlled firm said in a regulatory filing.
Its total income during the quarter under review was at Rs 6,436.6 crore, up from Rs 5,847.7 crore in same quarter last fiscal, it added.
Buzzing Stock: Shares of Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter numbers.
The company's Q1 net profit surged 52 percent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.
Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.
Market opens: Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.
At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.
Rupee opens: The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.
The stock touched an intraday high of Rs 586.10 and an intraday low of Rs 560.00.
The company had posted a net profit of Rs 62.9 crore in the corresponding quarter last fiscal, Diageo-controlled firm said in a regulatory filing.
Its total income during the quarter under review was at Rs 6,436.6 crore, up from Rs 5,847.7 crore in same quarter last fiscal, it added.
Buzzing Stock: Shares of Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter numbers.
The company's Q1 net profit surged 52 percent to Rs 28.61 crore versus Rs 18.81 crore in the same quarter last fiscal.
Revenue rose 36.7 percent to Rs 109.91 crore versus Rs 80.36 crore.
Market opens: Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.
At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.
All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent. Shares of ACC are trading higher by 10 percent after the company reported good results for the June quarter.
Rupee opens: The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.
Rupee gained in yesterday’s session primarily on back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases, said Motilal Oswal.
On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10, it added.
On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee. Today, USD-INR pair is expected to quote in the range of 68.80 and 69.10, it added.
-------------------------------------------------------------------------------------------------------------------------
For More Information regarding Stock market news updates & Commodity Tips, Intraday Calls, Share Market Tips contact us at +91-8305596871 or simply fill our Free Trial registration form linked in this blog.
No comments:
Post a Comment